Ethereum, is there still hope?
The current pullback of BTC and ETH may be the last chance to get on board. Will ETH rise to $6000 after March?
New news on Ethereum upgrades: the meeting last week concluded, and Ethereum developers hinted that the fifth testnet will go live in early January, possibly the last test before the Prague upgrade.
The Prague upgrade is expected to take place in March, with the market starting to heat up and rise in January. The Trump family's WLFI project bought ETH at the bottom when it plummeted over the weekend.
Currently, the price has pulled back to the same level as a month ago, which may indicate that a re-entry opportunity is brewing, especially if the cryptocurrency bull market is expected to continue until 2025.
It is worth noting that Ethereum has not shown higher beta characteristics in this round of rebound compared to the previous bull market; however, it remains a favored asset for investors.
The continuous inflow of ETF funds recently is the best proof of this. This strong demand not only highlights Ethereum's important position but also indicates that it remains in the spotlight even if its performance in this cycle is slightly below expectations.
Ethereum's strong performance relative to Bitcoin may continue into January 2025. Currently, the ETH/BTC ratio is 0.0356, and this ratio is expected to break through 0.04.
The last time it reached 0.04 was on December 8, when Ethereum's price broke through the psychological barrier of $4000 to $4018.
In January 2025, Ethereum will see more capital inflow, while Bitcoin may experience capital outflows and enter a consolidation phase, which will trigger a rise in tokens within the Ethereum ecosystem.
From the perspective of quarterly returns, the first and second quarters are the two best-performing quarters of the year. Combined with Ethereum's historical tendencies, it generally starts to gain momentum in the second year after Bitcoin's halving.
